Sherwin Williams to Buy Valspar
Sherwin-Williams to acquire Valspar in deal valued at $11.3 billion
Published: Mar 20, 2016 1:20 p.m. ET
CHICAGO (MarketWatch) — Sherwin-Williams said Sunday that it has reached a deal to acquire paint-industry rival Valspar in a deal it valued at $11.3 billion. Sherwin-Williams SHW, -0.76% , based in Cleveland, said it would pay $113 in cash for each share of Valspar, whose headquarters are in Minneapolis. Valspar's stock VAL, +25.49% closed Friday at $83.83 and notched a 52-week high of $88.17 in November. The companies said they will host a conference call Monday at 8 a.m. Eastern time to further detail the transaction.
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